Brazilian oil and gas company Petro Rio (Prio) on Thursday paid $1.635 billion to Petrobras in relation to the acquisition of Petrobras' interest in the Albacora Leste offshore field, located in the Campos Basin, Brazil.The amount paid Thursday is in addition to the $292…
Germany's EEW Special Pipe Constructions ( EEW SPC) has signed a contract with offshore installation firm Van Oord to manufacture 100 monopile foundations for RWE’s Sofia offshore wind farm, to be located in the UK North Sea.The Sofia Offshore…
Rig activity stood out in several regions in 2022, and there is no reason to expect anything different in 2023, Westwood Energy's Terry Childs writes.In 2022, offshore rig activity for both jack-ups and floating rigs was robust in several key regions of the world…
Danish offshore vessel owner Maersk Supply Service said Thursday it had signed an assignment agreement with TechnipFMC for work in Brazil.The scope covers the pre-installation of the mooring system and hook-up of the FPSO P-78. The FPSO P-78 will be the seventh FPSO in the Búzios field…
Copenhagen Infrastructure Partners-led Pentland floating offshore wind farm has been granted planning permission in principle from Scotland's Highland Council for its onshore infrastructure.To be located 7.5km off the coast of Dounreay in Caithness…
Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro…
The Norwegian Ministry of Petroleum and Energy has given METCentre the concession to test SeaTwirl´s vertical-axis floating wind turbine.The concession comes after the Norwegian authority Norges Vassdrags- og Energidirektorat (NVE) rejected an appeal to overturn SeaTwirl’s S2x concession in Norway…
Libya's National Oil Corporation (NOC) will sign offshore gas exploration and production deals with Italy's Eni on Saturday, NOC head Farhat Bengdara told a television channel. The deal would require $8 billion to produce up to 850 million cubic feet a day of gas from the Mediterranean…
Louisiana-based firm EDG has recently won a topside modification contract from Talos Energy for the Ram Powell platform in the U.S. Gulf of Mexico to accommodate the Venice and Lime Rock subsea tiebacks.EDG, which says it has executed more than 25 subsea tiebacks over the years…
IWS Fleet AS has ordered two more Walk-to-Work commissioning service operations vessels (“CSOV”) from China Merchants Industry Holdings Co., Ltd.The company said Tuesday that the two newbuilds would be delivered in the second quarter of 2025…
The Italian steel company Acciaierie d’Italia has signed a letter of intent with the Falck Renewables and BlueFloat Energy´s partnership on strategic collaboration for the development of renewable energy projects.The parties have established a technical working group which will focus on four areas…
Norway's Equinor has awarded Scana-owned PSW Technology a three-year contract for maintenance services at the Mongstad refinery, Equinor's largest. The oil to the Mongstad terminal mainly arrives through two pipelines from Troll B and Troll C and connected offshore oil fields…
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana.Western sanctions against major energy producer Russia and the decision of producer…
Malaysian energy industry services provider, T7 Global said Wednesday it had secured two letters of award worth a combined value of approximately RM100 million (currently around $23,47 million). The letters of award were secured by the company's…
Trinidad and Tobago's natural gas production could rebound and hit almost 4 billion cubic feet per day (bcfd) by 2030 if key offshore projects move ahead soon, consultancy Rystad Energy said on Tuesday.Trinidad is Latin America's largest exporter of liquefied natural gas (LNG)…